EMC Plans To Invest $1.5 Billion In India Operations
As everyone is aware, the cost of running back offices in India are cheaper to operate compared to America. And EMC does not plan to fall behind in the globalization craze. EMC said that they plan to invest $1.5 billion in India over the next 5 years to expand their research and development. This is the largest financial commitment that EMC has made for operations outside of the U.S.
The $1.5 billion investment made by Cisco is an addition to the $500 million that the company had already invested. This past January, EMC announced that they would be cutting 2,400 jobs to save about $350 million. This past Wednesday, EMC opened a facility that is about 495,000 square feet in Bangalore. EMC’s Bangalore facility will work closely with Cisco System’s R&D facility. EMC has about 2,000 employees in India.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry